PRICES AND WAGES

PRICES AND WAGES Falling energy prices helped to reduce America's 12-month consumer-price inflation rate from 3.7% to 3.0% in April. The euro area's inflation rate fell to 1.9%. Producer-price inflation slowed in April in America, Germany and Switzerland. In Britain consumer-price inflation rose from 2.6% to 3.0% in April, but average wage increases fell to 5.3% in March.